National Bank reaches deal to buy Canadian Western Bank at $5B valuation
Canada's banking sector is facing further consolidation as National Bank of Canada has reached an all-share deal to acquire Canadian Western Bank that values the lender at about $5 billion.
![National Bank reaches deal to buy Canadian Western Bank at $5B valuation](https://i.cbc.ca/1.3568549.1718146378!/cpImage/httpImage/image.jpg_gen/derivatives/16x9_620/national-bank-20150415.jpg)
![Banque Nationale (National Bank) head office is shown in Montreal, Wednesday, April 15, 2015. The bank held its annual general meeting Wednesday in Drummondville, Que. A large building with a Banque Nationale sign.](https://i.cbc.ca/1.3568549.1718146378!/cpImage/httpImage/image.jpg_gen/derivatives/16x9_620/national-bank-20150415.jpg)
Canada's banking sector is facing further consolidation as National Bank of Canada has reached an all-share deal to acquire Canadian Western Bank that values the lender at about $5 billion.